American Access Technologies Announces Third Quarter Earnings.

Business Editors

LAKE MARY, Fla.--(BUSINESS WIRE)--Nov. 15, 2001

Telecommunications equipment provider American Access Technologies, Inc., (Nasdaq:AATK), today announced that its earnings for the third quarter 2001 reflect a marked decrease in net loss and in costs and expenses as compared to the third quarter 2000.

"We are on a journey from red to black, and have positioned ourselves for success, since as the economy improves, we believe our sales will improve," said American Access President John Presley. "We have continued to keep a tight rein on our costs, and we have money in the bank to facilitate steady sales growth."

The Company's net loss for the three months ended September 30, 2001 was ($172,672) compared to ($545,181) for the three months ended September 30, 2000. Net loss for the nine months ended September 30, 2001 was ($1,055,903) compared to ($1,146,110) in the nine months ended September 30, 2000. Costs and expenses were trimmed to $1,179,780 in the three months ended September 30, 2001, compared to $1,605,623 in the three months ended September 30, 2000. For the nine months ended September 30, 2001, costs and expenses were $4,029,218 compared to $4,969,299 for the nine months ended September 30, 2000.

For the three months ending September 30, 2001, the basic net loss per common share was (0.04), compared to a basic net loss per common share of (0.11) for the three months ended September 30, 2000. For the nine months ended September 30, 2001, the basic net loss per share was (0.23), compared to (0.25) for the nine months ended September 30, 2000.

Business highlights for Q3 2001 include:
      --  Repeat order by a major telecommunications systems provider,
        through Anixter International, for our wireless cabinets;
      --  Creation of an Advisory Board of pre-eminent executives in
        telecommunications and related fields to assist in the
        Company's business strategy. The first meeting is being
        planned for January.
      --  Awards of government sub-contracts pursuant to Army chemical
        warfare alarms and secured telecommunications network cabinets
        for the Pentagon;
      --  Partnership with Hitachi's Maxcess Technologies for
        incorporation of our raised-floor cabinets into its
        repertoire;
      --  Debt free status;
      --  Class action lawsuit dismissed;
      --  Infusion of almost $2.9 million into the Company upon the
        exercise of stock purchase warrants.
      --  Incorporation of our patented zone cabling cabinets into a
        Canadian standards and training regime;
      --  An invitation to join the Telecommunications Industry
        Association, and serve on select subcommittees.

American Access manufactures patented zone cabling units that mount in ceilings, raised floors, and in custom furniture, routing traditional cabling, wireless, and fiber optics to the office desktop. The Company's concept of "zone cabling" reduces costs for installation and moves, adds, and changes by as much as 70% while providing plug and play, up-gradable networks, fiber optics and wireless LAN.

News and product/service information are available at http://www.aatk.com.

Note: This press release for American Access Technologies, Inc. may contain forward-looking statements as defined in Section 27A of the Securities Exchange Act of 1934, regarding events, conditions and financial trends that may affect the Company's operating results and financial position. Prospective investors are cautioned that forward-looking statements are not guarantees of future performance. Actual events or results may differ from the Company's expectations, which are subject to various risks and uncertainties listed in the Company's SEC filings.